The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * The European Central Bank's negative rates strategy has not worked as planned, which is why it is under increasing pressure to try something else when it meets on Thursday. The central bank's so-called negative deposit rate has rippled through European markets, reinforced by fear that the eurozone economy is in decline and by nervousness about war, not only in Ukraine but also in the Middle East. (nyti.ms/W8Auub)* Halliburton Co, the company contracted by BP Plc to cement the ill-fated Macondo oil well in the Gulf of Mexico, has reached a $1.1 billion settlement with thousands of businesses, individuals and local governments that suffered losses from the 2010 Deepwater Horizon oil rig explosion, the company and plaintiffs announced on Tuesday. (nyti.ms/1q9xuKF)
BP p.l.c. (BP) is an integrated oil and gas company. Shares of BP fell by 1.34% or $-0.64/share to $47.20. In the past year, the shares have traded as low as $41.28 and as high as $53.48. On average, 3946190 shares of BP exchange hands on a given day and today's volume is recorded at 5575600.
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